It's called "advertising". Not real earnings, don't get your hopes too high :-)
Actually, I pay myself to get visibility. I pay this money to Steemium who optimizes the bots who upvote the post so that it reaches trending and so many people who would otherwise not have seen it, get to see it. ...
Look at the comment from @steemium for more details. The "126.23$ has been spent" ...by myself :-)
To whom are you 'advertising'? People still ignorant enough about rewards and bid bots who bother to look at trending?
An otherwise good post, but yeah, it's not a $200 post in proportion to other posts. That's irrespective of you paying for the upvotes, which really has nothing to do with anyone else on STEEM but you and the bots. Keep telling yourself that it's just advertising, and not a significant reason why STEEM gets a bad rap.
To people who don't know my blog and who might learn something from discovering and reading it. Irrespective of rewards and bid bots, I want my work to be read as widely as possible. And I know no other way to draw attention to my posts.
No, wait, I could "bait" people in other ways, like the "clickbait" ads you see nowadays even on the websites of reputable journals. How do you propose someone to draw attention to his posts ?
In short, bid bots and vote-selling markets are another reason for people outside the platform to invest, buy steem with fiat because they offer an opportunity for passive income in exchange for "currency risk".
So in short, the primary argument FOR is that they generate passive income for some purported bid bot 'investor'? How exactly is that supposed to scale?
No, wait, I could "bait" people in other ways...
You'd prefer to 'bait' people using artificially distorted rewards rather than a catchy title, and that occasionally mentioning it down in the comments, somehow that absolves you of creating the fiction to the casual observer, that you somehow earned the $200?
So in short, the primary argument FOR is that they generate passive income for some purported bid bot 'investor'? How exactly is that supposed to scale?
Just like capitalism. You know, the real world.
Someone offers "work" (or "labor") - this is the content creator. Someone else offers "capital" - this is the passive investor.
Labor + capital = prosperity
Except that the steem economy needs diversification. Just "content and attention" (the "blogging business") is not enough.
We now have games too (Steem Monsters - @steemmonsters, Drug Wars @drugwars, Next Colony @nextcolony, etc), but more diversification is needed.
We used to have "open source software" with Utopian but alas, that business folded.
We have Fundition @fundtion for charity management but I'm not sure it's thriving.
Another idea is a marketplace for selling unused storage space. A bit like filecoin / storj / sia / bittorrent but with the power of the best cryptoeconomic system, that of steem: Steembit: a decentralized storage marketplace for Steemland
There are a bunch of other ideas for diversification, like @oracle-d for instance.
The more diverse the types of work one can source from Steemland (supposedly better quality or cheaper price than elsewhere), the more attractive the ecosystem is for investors.
I did not intend to "dump a vacuous mess of platitudes". My intention was to talk economy. "Labour + capital = prosperity" is a literary shorthand for a basic macro-economic law (added value).
If I had written instead "mass * velocity = momentum" you probably would not have taken that to be a "vacuous mess of platitudes".
So perhaps the discipline of economics is for you a "vacuous mess of platitudes". Could that be the case ? Perhaps you just don't know enough about economics and it all looks Chinese (or Greek) to you ?
Sorry, as I forgot to leave a comment with my downvote.
The comment would have gone like this:
I agree with @joshman as well as with @smooth that in comparison to the content this post is taking a out of proportion share of the rewardpool.
Wonder what's your argument to downvote my latest post, taking away 95% of my rewards ;).
In my opinion capitalist practise is a bit out of place on a self-governed, de-centralized (as much as possible) platform, but hey, everybody is free to do as they like.
And: No thanks for revenge-downvoting.
Note the comment from Steemium below: it says I've spent $126.23 in "advertising" this post through the bidbots. Now if you look for instance in steemworld.org you can see that "author payout" for this post, at the time of me writing this comment, is $131.63.
That means this post earns an equivalent of $5 in SBD and SP, in case I cash out, which I never do.
Yeah, it kinda' takes out the magic, right ? It's about the content, not about the money.
It's called "advertising". Not real earnings, don't get your hopes too high :-)
Actually, I pay myself to get visibility. I pay this money to Steemium who optimizes the bots who upvote the post so that it reaches trending and so many people who would otherwise not have seen it, get to see it. ...
Look at the comment from @steemium for more details. The "126.23$ has been spent" ...by myself :-)
To whom are you 'advertising'? People still ignorant enough about rewards and bid bots who bother to look at trending?
An otherwise good post, but yeah, it's not a $200 post in proportion to other posts. That's irrespective of you paying for the upvotes, which really has nothing to do with anyone else on STEEM but you and the bots. Keep telling yourself that it's just advertising, and not a significant reason why STEEM gets a bad rap.
To people who don't know my blog and who might learn something from discovering and reading it. Irrespective of rewards and bid bots, I want my work to be read as widely as possible. And I know no other way to draw attention to my posts.
No, wait, I could "bait" people in other ways, like the "clickbait" ads you see nowadays even on the websites of reputable journals. How do you propose someone to draw attention to his posts ?
There are many ways to look at it.
I've explored this in an older post: How I learned to stop worrying and love the Bid Bots
So in short, the primary argument FOR is that they generate passive income for some purported bid bot 'investor'? How exactly is that supposed to scale?
You'd prefer to 'bait' people using artificially distorted rewards rather than a catchy title, and that occasionally mentioning it down in the comments, somehow that absolves you of creating the fiction to the casual observer, that you somehow earned the $200?
Just like capitalism. You know, the real world.
Someone offers "work" (or "labor") - this is the content creator. Someone else offers "capital" - this is the passive investor.
Labor + capital = prosperity
Except that the steem economy needs diversification. Just "content and attention" (the "blogging business") is not enough.
We now have games too (Steem Monsters - @steemmonsters, Drug Wars @drugwars, Next Colony @nextcolony, etc), but more diversification is needed.
We used to have "open source software" with Utopian but alas, that business folded.
We have Fundition @fundtion for charity management but I'm not sure it's thriving.
I talked for instance about a marketplace for selling art here: Revisiting Steemland: a fairer and more transparent art market as a new "export".
Another idea is a marketplace for selling unused storage space. A bit like filecoin / storj / sia / bittorrent but with the power of the best cryptoeconomic system, that of steem: Steembit: a decentralized storage marketplace for Steemland
There are a bunch of other ideas for diversification, like @oracle-d for instance.
The more diverse the types of work one can source from Steemland (supposedly better quality or cheaper price than elsewhere), the more attractive the ecosystem is for investors.
This isn't an answer, and neither is the subsequent vacuous mess of platitudes you dumped after it.
I did not intend to "dump a vacuous mess of platitudes". My intention was to talk economy. "Labour + capital = prosperity" is a literary shorthand for a basic macro-economic law (added value).
If I had written instead "mass * velocity = momentum" you probably would not have taken that to be a "vacuous mess of platitudes".
So perhaps the discipline of economics is for you a "vacuous mess of platitudes". Could that be the case ? Perhaps you just don't know enough about economics and it all looks Chinese (or Greek) to you ?
I specifically asked how you expect the bidbot investment thesis would scale. You continue to patronize me with your responses.
Hmm ... you don't give me much gripping surface there ... I don't see how to engage further.
Sorry, as I forgot to leave a comment with my downvote.
The comment would have gone like this:
I agree with @joshman as well as with @smooth that in comparison to the content this post is taking a out of proportion share of the rewardpool.
Wonder what's your argument to downvote my latest post, taking away 95% of my rewards ;).
In my opinion capitalist practise is a bit out of place on a self-governed, de-centralized (as much as possible) platform, but hey, everybody is free to do as they like.
And: No thanks for revenge-downvoting.
That's why you have downvotes
Not sure you are reading his comment like I do. My interpretation is: "how do you manage that, I'd like to know how to earn that much myself!"
Posted using Partiko Android
Possible!
Note the comment from Steemium below: it says I've spent $126.23 in "advertising" this post through the bidbots. Now if you look for instance in steemworld.org you can see that "author payout" for this post, at the time of me writing this comment, is $131.63.
That means this post earns an equivalent of $5 in SBD and SP, in case I cash out, which I never do.
Yeah, it kinda' takes out the magic, right ? It's about the content, not about the money.